Kibo Energy appoints new CFO

20th May 2022 By: Marleny Arnoldi - Creamer Media Online Writer

Aim- and AltX-listed energy developer Kibo Energy has appointed Cobus van der Merwe group CFO and Pieter Krügel CEO of Kibo subsidiary Mast Energy Developments, effective June 1.

Van der Merwe brings to the position more than a decade of experience in managerial and executive roles in the investment management and energy, utilities and resources sectors.

He recently held a senior management position at professional services firm PwC, after being a partner at PSG Wealth.

Krügel previously served in the group CFO position.

Kibo has interests in various energy projects in sub-Saharan Africa and the UK through the Mast Energy Developments subsidiary.